Total Loans

DEAL'S OFF. Directors of Commercial State Bank of Orlando and Central National Bank of Winter Park called off merger plans last month after they were unable to come to terms.Neither side will discuss the break-up, citing confidentiality agreements. Bank analysts say deal breakers in such mergers typically involve price and loan quality.Like a lot of institutions, Central National suffered serious loan problems last year. After writing off 2.24 percent of its total loans, the bank reported that an additional 2.93 percent of its borrowers were behind in their payments or not paying at all. Bankers generally try to keep loan delinquencies at less than 1 percent of total loans.

TOTAL ASSETS - expressed in thousands of dollars, the sum of cash, deposits and investment securities; mortgage pool securities; mortgage loans; non-mortgage loans; repossessed assets; real estate held for investment; investment in service corps and subsidiaries; office premises and equipment; and other assets; minus deductions for valuation allowances.TOTAL LOANS - total domestic (U.S.) loans plus leases, expressed in thousands.BAD LOANS - loans and leases at least 90 days past due and those not accruing interest.

THE SPECTACULAR GROWTH of foreign banks in the United States has come to an abrupt halt, according to Federal Reserve Board statistics. The U.S. assets of foreign banks remained flat in the first half of this year, ending nearly two decades of growth, often at double-digit rates. The Fed's figures show that foreign banks held $860.6 billion in onshore U.S. assets at midyear, down slightly from $860.7 billion at year-end 1991. Foreign banks held 22.6 percent of total U.S. banking assets and 18.9 percent of total loans on June 30, virtually unchanged since year-end 1991.

Citizens and Southern Corp. reported a 1988 profit of $206.3 million, a 10 percent increase over adjusted 1987 results.Earnings per share were $3.25 per share. In 1987, earnings per share had been reduced 43 cents by two unusual events in the second quarter: a $15 million special provision for Latin American debt and a $27.6 million lawsuit settlement. In 1988, C&S had an average of 61.1 million shares outstanding, compared with an average of 60.1 million in 1987.C&S, based in Atlanta, reported fourth-quarter earnings of $54.5 million, a 10 percent increase over the same period a year earlier.

Hit hard by a real estate collapse in one of its key markets, C&S/Sovran Corp., owner of Citizens and Southern National Bank of Florida, reported Monday that its first-quarter profit dropped 71.5 percent.The decline, to $30.8 million from $108.2 million a year earlier, translates to shareholder profit of 20 cents a share, down from 79 cents a share a year earlier.The company said the lower earnings will not stop it from paying its regular quarterly dividend of 39 cents a share on June 15. But the company will be making some management changes in an effort to clean up its balance sheet.

Rising interest rates turned off the profit tap for high-volume mortgage lenders, slowing profits in the third quarter of 1994.Financial reports for the period ended Sept. 30, the most recent date for which government data are available, show how quickly fortunes can reverse when interest rates rise.The clearest example in Central Florida is Lochaven Federal Savings and Loan of Orlando, where a string of record profits gave way to a $493,000 loss. Lochaven's total loans decreased 37.5 percent compared with year-end 1993.

Rising interest rates turned off the profit tap for high-volume mortgage lenders, slowing profits in the third quarter of 1994.Financial reports for the period ended Sept. 30, the most recent date for which government data are available, show how quickly fortunes can reverse when interest rates rise.The clearest example in Central Florida is Lochaven Federal Savings and Loan of Orlando, where a string of record profits gave way to a $493,000 loss. Lochaven's total loans decreased 37.5 percent compared with year-end 1993.

In a year when favorable interest rates helped the nation's banks report record profits and allowed savings and loans to recover from financial setbacks, Central Florida institutions on average fared better than their peers in other states.The year-end comparison, drawn from financial reports filed with federal regulators, shows continued improvement. The quarterly snapshot looks at bank and thrift performance as measured by profitability, loan quality and asset growth.Central Florida banks performed better than others in loan quality and growth, but on average they fell short of industrywide profitability.

Profits dipped in the second quarter as several Central Florida banks and savings and loans cleaned house.Bad loans generally declined more than 50 percent as an improving economy helped bankers and borrowers come to terms.Most institutions were profitable in the quarter ended June 30, although some were just barely so. A notable exception was American Bank of the South, a Merritt Island bank that is operating under regulatory orders to clean up its loan problems.Past-due loans at American Bank shot up 43.4 percent from year-end 1992, to almost $9.2 million, or 8.74 percent of total loans.